Technology

Sales of existing houses and condos in the Phoenix area rose to the highest level for a November in seven years.

The National Association of Realtors is looking ahead for another good year with sales rising 10% in 2013.

Sales of newly constructed homes jumped 4.4% in November after falling 3.5% in October.

Merrimack Mortgage Co. said integrated communication and file services Google provides were a key part of its growth strategy.

Teaching struggling borrowers how to manage their finances creates value at numerous levels not only for the parties directly involved such as servicers.

DocuTech said it will be leading a response from lenders to the CFPB’s Project Catalyst, which aims to involve mortgage executives in testing new disclosures.

The October Case-Shiller 20-city home price index shows prices edged down 0.1% in October from the month prior.

Automation has helped the industry keep up with Consumer Financial Protection Bureau regulations, good-faith estimate fee disclosures and single point of contact requirements that have challenged the industry.

ClosingCorp said that Mark Nogaki has joined the company as senior vice president of sales.

Hurricane Sandy’s impact on the private-label residential mortgage-backed securities market won’t be systematic and estimates for it are shrinking under closer examination.